PEDEVCO Corp. (NYSEAMERICAN:PED) CAO Paul Anthony Pinkston Sells 14,000 Shares

PEDEVCO Corp. (NYSEAMERICAN:PEDGet Rating) CAO Paul Anthony Pinkston sold 14,000 shares of the firm’s stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $1.07, for a total transaction of $14,980.00. Following the completion of the transaction, the chief accounting officer now directly owns 394,000 shares of the company’s stock, valued at $421,580. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Paul Anthony Pinkston also recently made the following trade(s):

  • On Friday, January 13th, Paul Anthony Pinkston sold 9,000 shares of PEDEVCO stock. The shares were sold at an average price of $1.10, for a total transaction of $9,900.00.

PEDEVCO Stock Performance

Shares of NYSEAMERICAN PED traded up $0.01 during trading hours on Monday, hitting $1.09. 117,915 shares of the company traded hands, compared to its average volume of 184,624. PEDEVCO Corp. has a 12 month low of $0.90 and a 12 month high of $2.44. The company has a market cap of $93.25 million, a P/E ratio of 21.80 and a beta of 1.24.

PEDEVCO (NYSEAMERICAN:PEDGet Rating) last posted its quarterly earnings data on Monday, November 14th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). PEDEVCO had a return on equity of 4.36% and a net margin of 14.50%. The firm had revenue of $7.47 million for the quarter, compared to analysts’ expectations of $8.30 million. As a group, equities analysts predict that PEDEVCO Corp. will post 0.12 EPS for the current year.

Hedge Funds Weigh In On PEDEVCO

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in PEDEVCO by 224.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 41,197 shares of the company’s stock worth $56,000 after purchasing an additional 28,497 shares during the period. Vanguard Group Inc. grew its stake in shares of PEDEVCO by 51.5% during the first quarter. Vanguard Group Inc. now owns 904,719 shares of the company’s stock valued at $1,222,000 after buying an additional 307,640 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of PEDEVCO by 44.7% in the first quarter. XTX Topco Ltd now owns 52,091 shares of the company’s stock worth $70,000 after buying an additional 16,083 shares during the period. First Republic Investment Management Inc. bought a new stake in shares of PEDEVCO during the 1st quarter worth approximately $28,000. Finally, Jane Street Group LLC bought a new stake in shares of PEDEVCO during the 1st quarter worth approximately $30,000. 4.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, EF Hutton Acquisition Co. I restated a “buy” rating and issued a $2.40 target price on shares of PEDEVCO in a report on Thursday, December 22nd.

PEDEVCO Company Profile

(Get Rating)

PEDEVCO Corp. engages in the acquisition, exploration, and development of oil and natural gas assets. It focuses on the operation of Permian and Denver-Julesberg Basins. The company was founded by Frank C. Ingriselli in September 2000 and is headquartered in Houston, TX.

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Insider Buying and Selling by Quarter for PEDEVCO (NYSEAMERICAN:PED)

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